India-Thailand Current Affairs

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India, Thailand ink MoU on Double Taxation Avoidance Treaty

India and Thailand signed a Memorandum of Understanding (MoU) on double taxation avoidance treaty (DTAT).

The MoU was signed during 7th meeting of the India-Thailand Joint Commission for Bilateral Cooperation co-chaired by External Affairs Minister Sushma Swaraj.

Apart from DTAT, both nations signed and exchanged instruments of ratification on the extradition treaty inked in 2013. This treaty provides for the legal framework for extradition of fugitive offenders.

Both nations also signed a MoU on the establishment of Nalanda University in Bihar, India. By signing this agreement, Thailand joins other East Asian Summit countries in the establishment of and revival of an ancient center of learning at Nalanda.

It should be noted that India-Thailand Joint Commission for Bilateral Cooperation meeting took place after a gap of three years due to the changes in government in Thailand.


India, Thailand to make trilateral highway ready by 2016

Indian PM Dr. Manmohan Singh who was on a visit to Thailand and Thailand PM Yingluck Shinawatra have expressed hope for the completion of the ambitious project to develop a 3,200-km highway connecting India, Myanmar and Thailand by 2016.

India has already granted Myanmar a loan of $500 million, a part of which will be used to fund the project.

Thailand informed India of the progress Thailand and Myanmar had made in the development of the Dawei Special Economic Zone in southern Myanmar. Once operational, the project would further enhance connectivity and open enormous business opportunities for the region.

Both nations have reiterated their commitment to push further the talks for a Thailand-India Free Trade Agreement.


India, Thailand sign extradition treaty

India and Thailand have signed an Extradition Treaty, concluded a memorandum of understanding (MoU) to exchange intelligence related to money laundering and terrorism financing and ratified the Treaty on Transfer of Sentenced Persons. The agreements were inked in the presence of Prime Minister Manmohan Singh and his Thai counterpart Yingluck Shinawatra.

The extradition treaty provides the legal framework for seeking extradition of fugitive offenders, including those involved in terrorism, transnational crimes and economic offences among others.

What does the treaty provide for?

The treaty provides for the extradition of any person who is wanted for trial or for the imposition or enforcement of a sentence by one ‘Contracting State’ and is found in the territory of the other ‘Contracting State’. The agreement will help both the nations in speeding up extradition of fugitives. It would further fortify the ties b/w two law enforcement agencies by providing a firm legal basis for their bilateral cooperation. Thailand has long been a refuge for underworld dons and illegitimate groups.